(Monrovia, Liberia – May 27, 2026) The Executive Governor of the Central Bank of Liberia, Henry F. Saamoi, has announced sweeping reforms to Liberia’s Collateral Registry System to unlock access to finance and accelerate private sector growth across the country.
During the opening of the Stakeholders’ Validation Workshop on the Draft Amended Collateral Registry System Regulation, Governor Saamoi said the reforms represented a critical step toward modernizing Liberia’s credit infrastructure and removing longstanding barriers that continue to limit access to financing for farmers, small businesses, and entrepreneurs.
He noted that while the existing Collateral Registry System has strengthened secured lending by allowing movable assets such as equipment, inventory, vehicles, and receivables to be used as collateral, many viable businesses—particularly in the agriculture and informal sectors—remain excluded from formal credit opportunities due to restrictive traditional lending practices.
“To address these challenges, the proposed amendments seek to expand the framework to include immovable assets such as land and buildings, significantly broadening the pool of bankable collateral and creating new financing opportunities for households and businesses nationwide,” Governor Saamoi emphasized.
He acknowledged the continued technical and financial support of the World Bank Group and the International Finance Corporation in advancing Liberia’s financial sector reforms.
Representatives of commercial banks, insurance companies, mobile money and fintech firms, microfinance institutions, development partners, and members of the legal community reviewed and validated the amended draft regulation for the Collateral Registry System.
